Entropy Technologies LP Invests $227,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Entropy Technologies LP purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,859 shares of the construction company’s stock, valued at approximately $227,000.

A number of other institutional investors also recently bought and sold shares of the stock. Guidance Capital Inc. purchased a new stake in shares of Gibraltar Industries in the fourth quarter valued at $469,000. Swedbank AB grew its holdings in Gibraltar Industries by 3.4% during the 4th quarter. Swedbank AB now owns 276,227 shares of the construction company’s stock valued at $16,270,000 after purchasing an additional 9,151 shares during the last quarter. Cascade Investment Advisors Inc. raised its position in Gibraltar Industries by 3.2% in the 4th quarter. Cascade Investment Advisors Inc. now owns 20,555 shares of the construction company’s stock worth $1,211,000 after purchasing an additional 630 shares during the period. Atticus Wealth Management LLC purchased a new position in shares of Gibraltar Industries during the fourth quarter valued at approximately $53,000. Finally, KBC Group NV grew its stake in shares of Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after buying an additional 480 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Gibraltar Industries Price Performance

ROCK stock opened at $59.09 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 16.41 and a beta of 1.20. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $87.19. The firm’s 50-day moving average is $61.51 and its 200 day moving average is $66.41.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.